Swiss franc Assumptions
South Korean won Assumptions
Where do we expect bond yields to go?
Where do we see potential within alternatives?
Developed market governments aren’t tackling high public debt levels, dating back to the global financial crisis. Will high debt to GDP lead to political pressure on central banks to keep rates low?
Recessions are milder and less frequent, while recoveries are weaker. The business cycle has not been eliminated, but perhaps it has been tamed.
LTCMA 2019 Theme: The evolution of market structure. Managing illiquidity risk across public and private markets.